Archived posting to the Leica Users Group, 2015/01/08
[Author Prev] [Author Next] [Thread Prev] [Thread Next] [Author Index] [Topic Index] [Home] [Search]Hmmm.. floating frame does need to stay. I bet you can get a climate controlled shed in your yard for ~$10,000. May be worth the investment? I agree don't give them away per se. Donate it to churches, temples, schools etc. I bet Ohlone may love to get some... On Thu, Jan 8, 2015 at 3:01 PM, Robert Adler <rgacpa at gmail.com> wrote: > Thanks Tina and all. Still struggling, but all the varied answers are > helpful. > I'm not really trying to make any money, but don't want to loose any either > or devalue the work by either giving it away (when others have paid) or > defacing it before taking to the dump. > > Most the frames are floating frames made for each image: different sizes, > etc. I'm still considering storage somewhere... somewhere... > Thanks again. Other suggestions welcome of course. > Best, > Bob > > On Thu, Jan 8, 2015 at 2:26 PM, Tina Manley <tmanley at gmail.com> wrote: > > > Most of the work that I have donated to charities has been as > photographic > > work for them to use in fund-raising. The way I get around the tax > > donation is to charge them my normal rates for the work and then turn > > around and donate that much back to them. None of the charities I've > > worked with has had a problem with this. I don't know if you could work > > something out like that for print donations, but it might be worth > > investigating. > > > > Tina > > > > On Thu, Jan 8, 2015 at 3:19 PM, Ken Carney <kcarney1 at cox.net> wrote: > > > > > That's correct. Under ?170(e), IRC, the fair market value must be > > reduced > > > by any ordinary income that would be recognized on a sale. In other > > words, > > > for all practical purposes donations of self-created art are limited to > > > cost of producing it. It gets worse. If the item is not self-created, > > and > > > is not donated "for the use of" the charity, then the deduction is > > reduced > > > by any gain that would be recognized. So if you donate the Picasso to > a > > > charity for the purpose of the charity selling it, your deduction is > > > limited to your cost. And if the appraisal rules kick in, they apply > to > > > the total of similar items donated, not each individual item. > > > > > > It gets worse. Suppose you are a really gifted photographer and you > > > create a photo worth, oh I don't know, say $6.5 million and hang on to > > it. > > > You have probably created a death tax liability of 40% of that. Enough > > for > > > one day. > > > > > > Ken > > > > > > > > > On 1/8/2015 1:18 PM, Wilbur Norman wrote: > > > > > >> In regards to Tina's comment: > > >> > > >> I believe the deductions she is referring to are for items NOT CREATED > > BY > > >> THE PERSON who is making the donation. So, if you donate a Picasso, > you > > get > > >> a Fair Market Value. For items created by the artist donating, its > > another > > >> ball of wax. > > >> > > >> And, I believe the ceiling for NOT getting an appraisal is $5000 as > > >> amended in the Pension Law some years ago (seems odd but thise folks > in > > DC > > >> add non-related items to laws all the time.) > > >> > > >> > > >> Wilbur > > >> > > >> > > >> > > >> > > >> ************* > > >> > > >> On Jan 8, 2015, at 12:02 PM, Susan Ryan wrote: > > >> > > >> Can you take a tax deduction for a charitable donation? If so, how do > > >>> you choose a dollar value of the photos donated? > > >>> > > >>> Thanks, > > >>> Sue > > >>> > > >>> Sent from my iPhone > > >>> > > >>> On Jan 8, 2015, at 11:50 AM, Tina Manley <tmanley at gmail.com> > > >>> wrote: > > >>>> > > >>>> That's probably the best solution - donate to charity auctions. > I've > > >>>> done > > >>>> that quite a bit and it's always appreciated. > > >>>> > > >>>> Tina > > >>>> > > >>>> On Thu, Jan 8, 2015 at 1:49 PM, Doug Herr < > > wildlightphoto at earthlink.net > > >>>> > > > >>>> wrote: > > >>>> > > >>>> Donate to charity auctions? > > >>>>> > > >>>>> Doug Herr > > >>>>> Orangevale, Sacramento County > > >>>>> http://www.wildlightphoto.com > > >>>>> http://doug-herr.fineartamerica.com > > >>>>> > > >>>>> > > >>>>> -----Original Message----- > > >>>>> > > >>>>>> From: Robert Adler <rgacpa at gmail.com> > > >>>>>> Sent: Jan 8, 2015 10:07 AM > > >>>>>> To: Leica Users Group <lug at leica-users.org> > > >>>>>> Subject: [Leica] OT: What would you do? > > >>>>>> > > >>>>>> I have a dilema. I'm moving back into my old home and clearing out > > 25+ > > >>>>>> years of "stuff", Clean sweep. > > >>>>>> > > >>>>>> I know some of you have been through this recently > > >>>>>> (George/Tina/etc.). I > > >>>>>> have a ton of framed prints that haven't sold at galleries/coffee > > >>>>>> shops, > > >>>>>> but that doesn't mean they aren't lovely (IMO). > > >>>>>> > > >>>>>> They are custom framed and mounted. Archival. The works. I don't > > want > > >>>>>> to > > >>>>>> give them away (I think that devalues all art), and I don't want > to > > >>>>>> pack > > >>>>>> and ship them to folks. > > >>>>>> > > >>>>>> Please PLEASE suggestions? The dump just seems wrong.. > > >>>>>> Thanks! > > >>>>>> -- > > >>>>>> Bob Adler > > >>>>>> www.robertadlerphotography.com > > >>>>>> > > >>>>>> _______________________________________________ > > >>>>>> Leica Users Group. > > >>>>>> See http://leica-users.org/mailman/listinfo/lug for more > > information > > >>>>>> > > >>>>> > > >>>>> _______________________________________________ > > >>>>> Leica Users Group. > > >>>>> See http://leica-users.org/mailman/listinfo/lug for more > information > > >>>>> > > >>>> > > >>>> > > >>>> -- > > >>>> Tina Manley > > >>>> www.tinamanley.com > > >>>> tina-manley.artistwebsites.com > > >>>> http://www.alamy.com/stock-photography/3B49552F-90A0- > > >>>> 4D0A-A11D-2175C937AA91/Tina+Manley.html > > >>>> > > >>>> _______________________________________________ > > >>>> Leica Users Group. > > >>>> See http://leica-users.org/mailman/listinfo/lug for more > information > > >>>> > > >>> _______________________________________________ > > >>> Leica Users Group. > > >>> See http://leica-users.org/mailman/listinfo/lug for more information > > >>> > > >> > > >> _______________________________________________ > > >> Leica Users Group. > > >> See http://leica-users.org/mailman/listinfo/lug for more information > > >> > > > > > > > > > _______________________________________________ > > > Leica Users Group. > > > See http://leica-users.org/mailman/listinfo/lug for more information > > > > > > > > > > > -- > > Tina Manley > > www.tinamanley.com > > tina-manley.artistwebsites.com > > > > > http://www.alamy.com/stock-photography/3B49552F-90A0-4D0A-A11D-2175C937AA91/Tina+Manley.html > > > > _______________________________________________ > > Leica Users Group. > > See http://leica-users.org/mailman/listinfo/lug for more information > > > > > > -- > Bob Adler > www.robertadlerphotography.com > > _______________________________________________ > Leica Users Group. > See http://leica-users.org/mailman/listinfo/lug for more information > -- // richard <http://www.richardmanphoto.com> // http://facebook.com/richardmanphoto // https://www.facebook.com/Transformations.CosplayPortraits